News
Important Only
Forex Today: US Dollar consolidates recovery gains ahead of key data, FOMC Minutes
Here is what you need to know on Wednesday, January 8: Following a bearish opening to the week, the US Dollar (USD) gathered strength against its rivals on Tuesday, supported by the upbeat macroeconomic data releases and the cautious market mood.Fxstreet
Wed, Jan 8
JGB yields hit multi-year highs tracking US peers
TOKYO, Jan 8 (Reuters) - Japanese government bond yields rose to multi-year highs on Wednesday, pulled by climbing U.S. Treasury yields after robust economic data pointed to a slower pace of interest rate easing by the Federal Reserve.Reuters
Wed, Jan 8
Ethereum Takes Early Q1 Lead Showing Post-Halving Strength – Will History Repeat?
After a lackluster 2024, Ethereum has started 2025 with a bang, surging over 13% since the year began. This impressive performance has reignited optimism among investors who are anticipating a bullish year for ETH and the broader altcoin market.Bitcoinist
Wed, Jan 8
Why Tesla, Broadcom, and Rivian Fell Today as Treasury Yields Shot Higher
Treasury yields continued to surge on sticky inflation data, dragging the market down today. Tech and artificial intelligence (AI) stocks bore the brunt of the sell-off, as the Nasdaq Composite fell nearly 2%, more than the other major market indexes.The Motley Fool
Wed, Jan 8
China expands consumer trade-in scheme to revive economic growth
BEIJING, Jan 8 (Reuters) - China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector.
Reuters
Wed, Jan 8
This Bitcoin Bull Cycle ‘Might Be The Longest Ever’ – Top Analyst Explains Why
Bitcoin has surged above the $100K mark, signaling strength and fueling optimism among traders as the market enters 2025. This breakout has bolstered a bullish outlook for BTC in the first quarter, with many anticipating further gains.
Gold price consolidates around $2,650 area as traders await FOMC Minutes
Gold price (XAU/USD) stabilizes following the previous day's late pullback from the $2,665 hurdle as traders opt to move to the sidelines ahead of Wednesday's release of the FOMC Minutes later during the US session.Fxstreet
Wed, Jan 8
BREAKINGVIEWS-CATL’s $5 bln listing future-proofs enviable lead
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to remove hyperlinks in third paragraph.By Katrina Hamlin HONG KONG, Jan 8 (Reuters Breakingviews) - The world's largest battery maker is determined to shore up its dominance. A planned Hong Kong listingReuters
Wed, Jan 8
GRAINS-Chicago soybeans, corn edge lower on Argentinian rain outlook
BEIJING, Jan 8 (Reuters) - Chicago soybean and corn futures nudged lower on Wednesday, pressured by forecasts of rain relief in key exporter Argentina and weaker-than-expected export sales data. Wheat edged higher, with traders shifting their focus to lower Kansas wheat ratings.FUNDAMENTALS *Reuters
Wed, Jan 8
